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A Video Explaining Uberrimae Fidei 

https://zalma.com/blog

Ethics is a process of systematically applying, using, defending and  recommending concepts of right and wrong behavior.  

Ethical behavior is required of both parties to a contract of insurance  for the system to work. If any party to the insurance contract acts  unethically the ability of insurance to work effectively and profitably  will fail.  Ethics is the essence of insurance. Since insurance was first created it  has been a business of utmost good faith. As a result, the insured and  the insurer are expected to treat each other ethically.  Insurance was created to spread risk from individuals to multitudes.  Spreading the risk in a fair, ethical and honorable manner from one  person to many is the basis upon which a system of insurance was  founded. The insurance contract since modern insurance was first created  was founded on the concept of Uberrimae Fidei. 

The Latin phrase Uberrimae Fidei is used to express the principle that a  contract of insurance must be made in perfect good faith, with neither  the insurer nor the insured concealing nothing from the other. In the  case of insurance both the insured and the insurer must observe the most  perfect good faith towards each other so that the insurer understands  the risk it is asked to take and the insured understands the risks  accepted by the insurer.  ZALMA OPINION   Everyone involved in the business insurer whether as an insured or  representative of an insurer must understand the obligation to treat  each other with the utmost good faith. The doctrine of Uberrimae Fidei -  Latin for "utmost good faith" creates a requirement that each party to  the contract of insurance treats the other ethically, fairly and in good  faith.  

 \\xa9 2021 \\u2013 Barry Zalma  Barry Zalma, Esq., CFE, now limits his practice to service as an  insurance consultant specializing in insurance coverage, insurance  claims handling, insurance bad faith and insurance fraud almost equally  for insurers and policyholders.  He also serves as an arbitrator or mediator for insurance related  disputes. He practiced law in California for more than 44 years as an  insurance coverage and claims handling lawyer and more than 54 years in  the insurance business. 

He is available at http://www.zalma.com and zalma@zalma.com. Mr. Zalma  is the first recipient of the first annual Claims Magazine/ACE Legend  Award. Over the last 53 years Barry Zalma has dedicated his life to  insurance, insurance claims and the need to defeat insurance fraud. He  has created the following library of books and other materials to make  it possible for insurers and their claims staff to become insurance  claims professionals.  Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma;  Follow Mr. Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos at Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library \\u2013 https://zalma.com/blog/insurance-claims-library/  The last two issues of ZIFL are available at https://zalma.com/zalmas-insurance-fraud-letter-2/  podcast now available at https://podcasts.apple.com/us/podcast/zalma-on-insurance/id1509583809?uo=4